By Kyle Cheng

The monthly SEMA Industry Indicators Report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business.

The first half of 2018 is in the books and the economy continues to show resilience and strength, despite several concerns, including geopolitical uncertainties, accelerating oil and gasoline prices, trade wars and inflationary pressures, just to name a few.

On many fronts, the economy looks stronger than it has over the past few years. Demand is up across diverse industries and companies are investing to meet that demand, including hiring. In June, 601,000 workers entered or returned to the labor market. Over the next six months, pent-up demand, tax cuts and a relaxed regulatory environment will continue to provide momentum and boost economic activity.

To learn more, download the July SEMA Industry Indicators Report, now available from SEMA Market Research. This monthly report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business. This month, the report also highlights SEMA’s Employment Outlook Report.

View the new SEMA Industry Indicators Report.

By Kyle Cheng

The monthly SEMA Industry Indicators Report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business.

The first half of 2018 is in the books and the economy continues to show resilience and strength, despite several concerns, including geopolitical uncertainties, accelerating oil and gasoline prices, trade wars and inflationary pressures, just to name a few.

On many fronts, the economy looks stronger than it has over the past few years. Demand is up across diverse industries and companies are investing to meet that demand, including hiring. In June, 601,000 workers entered or returned to the labor market. Over the next six months, pent-up demand, tax cuts and a relaxed regulatory environment will continue to provide momentum and boost economic activity.

To learn more, download the July SEMA Industry Indicators Report, now available from SEMA Market Research. This monthly report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business. This month, the report also highlights SEMA’s Employment Outlook Report.

View the new SEMA Industry Indicators Report.

By Kyle Cheng

The monthly SEMA Industry Indicators Report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business.

The first half of 2018 is in the books and the economy continues to show resilience and strength, despite several concerns, including geopolitical uncertainties, accelerating oil and gasoline prices, trade wars and inflationary pressures, just to name a few.

On many fronts, the economy looks stronger than it has over the past few years. Demand is up across diverse industries and companies are investing to meet that demand, including hiring. In June, 601,000 workers entered or returned to the labor market. Over the next six months, pent-up demand, tax cuts and a relaxed regulatory environment will continue to provide momentum and boost economic activity.

To learn more, download the July SEMA Industry Indicators Report, now available from SEMA Market Research. This monthly report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business. This month, the report also highlights SEMA’s Employment Outlook Report.

View the new SEMA Industry Indicators Report.

By SEMA Washington, D.C., Staff

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ).

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ). The legislation establishes an Environmental Rules Review Committee, which will evaluate proposed environmental rules and advise on whether to advance them. Affected industries represented include statewide environmental and conservation groups, local governments, the general public, public utilities, small business, manufacturing, solid waste, oil and gas and agriculture groups. 

In addition, it establishes an Environmental Permit Review Commission and creates an Environmental Science Board to advise on issues affecting the protection of the environment or management of the state’s natural resources. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ).

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ). The legislation establishes an Environmental Rules Review Committee, which will evaluate proposed environmental rules and advise on whether to advance them. Affected industries represented include statewide environmental and conservation groups, local governments, the general public, public utilities, small business, manufacturing, solid waste, oil and gas and agriculture groups. 

In addition, it establishes an Environmental Permit Review Commission and creates an Environmental Science Board to advise on issues affecting the protection of the environment or management of the state’s natural resources. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ).

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ). The legislation establishes an Environmental Rules Review Committee, which will evaluate proposed environmental rules and advise on whether to advance them. Affected industries represented include statewide environmental and conservation groups, local governments, the general public, public utilities, small business, manufacturing, solid waste, oil and gas and agriculture groups. 

In addition, it establishes an Environmental Permit Review Commission and creates an Environmental Science Board to advise on issues affecting the protection of the environment or management of the state’s natural resources. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ).

Governor Rick Snyder signed legislation into law to create a more cooperative environmental regulatory process at the Michigan Department of Environmental Quality (DEQ). The legislation establishes an Environmental Rules Review Committee, which will evaluate proposed environmental rules and advise on whether to advance them. Affected industries represented include statewide environmental and conservation groups, local governments, the general public, public utilities, small business, manufacturing, solid waste, oil and gas and agriculture groups. 

In addition, it establishes an Environmental Permit Review Commission and creates an Environmental Science Board to advise on issues affecting the protection of the environment or management of the state’s natural resources. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law.

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law. The South Carolina legislature recognized the important economic and civic value that additional motorsports can provide. The new law will help pave the way for new racing facilities in the state. A motorsports tourism incentive fund will be created to award grants or loans to attract and expand tourism and hospitality projects related to events at such complexes. The new law exempts certain building materials for a complex from sales tax and provides a process by which a qualified company may claim the exemption. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law.

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law. The South Carolina legislature recognized the important economic and civic value that additional motorsports can provide. The new law will help pave the way for new racing facilities in the state. A motorsports tourism incentive fund will be created to award grants or loans to attract and expand tourism and hospitality projects related to events at such complexes. The new law exempts certain building materials for a complex from sales tax and provides a process by which a qualified company may claim the exemption. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

By SEMA Washington, D.C., Staff

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law.

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law. The South Carolina legislature recognized the important economic and civic value that additional motorsports can provide. The new law will help pave the way for new racing facilities in the state. A motorsports tourism incentive fund will be created to award grants or loans to attract and expand tourism and hospitality projects related to events at such complexes. The new law exempts certain building materials for a complex from sales tax and provides a process by which a qualified company may claim the exemption. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.